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Friday’s Stock Market Open: US Equities Rise Despite Catastrophic April Jobs Report

U.S. stocks opened higher on Friday despite report noting 20 million jobs were lost in April.

Coronavirus Economy: US Loses More Than 20 Million Jobs In April, Pushing Unemployment to 14.7%

Experts had predicting an unemployment rate for April as high as 20%.

Infographic: US Private Sector Reports Historic Job Losses

Industries hit hardest include hotels and travel companies with by far the most jobs lost at over 8.6 million in April.

Laid off from her bartending job, Laya Hamilton is trying to figure out what she wants to do with her journalism degree

Jobless Americans Can Only Hang On As Pandemic Rages

Jobless Americans can only hang on as pandemic rages

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Unemployment in the United States was at low levels not seen in decades before the coronavirus struck, but now jobless benefit claims have increased by millions

Coronavirus Crisis: Hispanics Losing Work At Double The Rate Of Whites

The worst-hit group is Hispanic men, with 22% reporting having lost their jobs. Black workers are also losing their jobs at higher rates than white workers

The Bank of England slashed interest rates by 50 basis points to 0.25 percent in an emergency move to help offset the impact of the coronavirus outbreak on the economy

Bank Of England Keeps Interest Rates Unchanged, Warns Of Very Deep Recession

The Bank of England expects the U.K. economy to shrink by 14% this year.

Thursday's Stock Market Open: US Equities Rise Despite Another Huge Jobless Claims Report, Oil Jumps

U.S. stocks opened higher on Thursday although 3.17 million Americans filed for unemployment last week.

Coronavirus Economy: More Than 3 Million More File Initial Unemployment Claims 7 Weeks Into Pandemic

“Absent hiring activity on an unprecedented scale, unemployment could remain in double-digits into 2021” -- Federal Reserve Bank of San Francisco

More workers filed for unemployment benefits last week than in the worst four weeks of the global financial crisis in 2009

Another 3.2 Mn Filed New US Jobless Claims Last Week

Another 3.2 mn filed new US jobless claims last week

Kevin Spacey Compares Himself To People Who Lost Their Jobs Amid Pandemic

Kevin Spacey has finally opened up about his "painful" journey for the first time in almost three years after being accused of sexual harassment by a string of men.

Unemployment is projected to rise and with it, poverty

US Unemployment: Over 20 Million Private-Sector Jobs Lost In April Due To Coronavirus Pandemic

A new report from ADP suggests the worst job loss in the U.S. in nearly 100 years.

European Commission chief Ursula von der Leyen has promised to help Italy in the fight against coronavirus

Coronavirus Impact: EU Economy May Shrink By 7.5% This Year, Worst Showing Since Great Depression

Before the virus emerged, the EU’s GDP was expected to rise 1.4% this year

When Will The US Economy Get Better? New Poll Shows When American Expect The Recovery To Happen

30% said the economy already is in a depression but respondents predicted the stock market would rebound.

Fallout from the coronavirus has pushed Hong Kong deeper into recession with its worst quarterly downturn in modern times

Hong Kong Economy Shrinks Record 8.9% In First Quarter

Hong Kong economy shrinks record 8.9% in first quarter

Social Security News: Why You Should Claim Benefits Early Because Of The Coronavirus

There are advantages and disadvantages to this Social Security strategy.

Thursday's Stock Market Close: US Equities Fall, But Stocks Deliver Strong April Performance

U.S. stocks finished lower on Thursday as 3,84 million Americans filed initial jobless claims

State unemployment agencies have closed due to the coronavirus, but face a massive wave of workers applying for benefits

Record Number Of US Workers Receiving Jobless Benefits

Record number of US workers receiving jobless benefits

More Than 30 Million Americans Unemployed: Another 3.8 Million Seek Unemployment Benefits

The unemployment figures are higher than anything seen since the Great Depression when 25% of the populace was unemployed, about 15 million people.

Thursday's Stock Market Open: US Equities Fall On Huge Jobless Claim Filings, ECB Rate Decision

U.S. stocks opened lower on Thursday as 3.84 million Americans filed initial jobless claims

Workers wait in line to collect salaries in Shanghai

Help Wanted: Jobless China Workers Await Relief

Help wanted: Jobless China workers await relief

Coronavirus Recession: If You Think The First Quarter Was Bad, Just Wait For The Second

The U.S. economy suffered its sharpest contraction in the first quarter since 2008, a 4.8% drop in the gross domestic product -- and that only accounts for the first two weeks of lockdowns.

Coronavirus mitigation efforts have caused Germany's economy to splutter

Germany Faces 'Worst Recession' In Post-war History

Germany faces 'worst recession' in post-war history

Weekly claims for unemployment insurance in the United States

Will You Get Your Unemployment Check? Survey Finds Millions Of Americans May Be Shut Out Of System

A new survey appears to have found that millions of Americans left unemployed by coronavirus may be unable to receive benefits.

Wage Crisis: Nearly 50% Workers Will Earn More In Unemployment Benefits Than From Work

While many have used this revelation to attack the supposed generosity of unemployment benefits, in reality it exposes how 50 years of stagnant wages have created a perverse incentive system.

Will The Coronavirus Force Social Security Benefit Cuts?

The answer may depend on the time frame recipients are considering.

A passenger at Incheon airport near Seoul in South Korea comes prepared for COVID-19

South Korean GDP Shrank 1.3% In First Quarter; Second Quarter May Be Worse

South Korea’s economy contracted by 1.3% in the first quarter as the pandemic hurt imports, jobs.

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